Chip shortages for iPads and Macs may cool Apple's hot streak
It turns out Apple is dealing with the same microchip shortage that has snarled companies and industries around the world.
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‘Long Covid’ isn’t well understood but these are possible symptoms, top CDC doctor says
Long Covid is still not well understood, but symptoms can include chest pain, difficulty breathing and trouble thinking clearly.
Ford expects to lose half of Q2 production amid chip shortage, Japan supplier fire
Shares of Ford are up by about 130% over the past 12 months. They’ve risen more than 40% in 2021.
Federal search warrant executed at Rudy Giuliani's NYC apartment
The search was conducted as part of a criminal probe into Giuliani's dealings in Ukraine, The New York Times reported.
Zuckerberg outlines how Facebook will thrive after Apple privacy change
Mark Zuckerberg spent the majority of Facebook's Wednesday earnings call outlining the company's e-commerce strategy as it prepares for life post-iOS 14.5.
Amazon to hike wages for over 500,000 workers
The company said it will spend more than $1 billion on incremental pay raises for over half a million employees.
Shopify surges after e-commerce boom fuels big earnings beat
Shopify warned that revenue growth could moderate this year as Covid-19 vaccine rollout slows the rapid e-commerce adoption experienced during the pandemic.
Apple just recorded a 42.5% gross margin for the quarter, the highest in nine years
Long stuck at around 38%, Apple's gross margin has jumped the past two quarters because of more expensive iPhones and a growing services portfolio.
Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks
Apple released on Wednesday its fiscal second-quarter results.
Qualcomm revenue pops 52% on strong smartphone demand
Qualcomm raised its forecast for handset shipments in 2021 as the economy reopens.
Senate votes to restore Obama-era regulation of methane, a climate-warming gas
The Senate vote on methane is the first official reinstatement of one of more than 100 climate regulations dismantled by the Trump administration.
Facebook co-founder says free markets are a myth, U.S. needs new capitalism so everyone can prosper
Facebook co-founder Chris Hughes told CNBC on Wednesday the U.S. needs to create a new version of capitalism that delivers broad economic prosperity.
Powell says he plans to meet with homeless Americans in Washington, DC
Powell, one of the world's most influential economists, has not yet met with members of the homeless encampment near the Fed in Washington.
Fed holds interest rates near zero, sees faster growth and higher inflation
As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month.
Delta to resume hiring pilots in June as travel demand recovers
Delta is joining other carriers in resuming pilot hiring.
Boeing posts sixth consecutive quarterly loss, expects turning point in 2021
Boeing said it expects 2021 to be a turning point as more people are vaccinated against Covid.
Treasury yields are little changed as Fed, Powell pledge to hold course on rates and asset purchases
The 10-year Treasury yield was flat for the day following the Federal Reserve's latest policy decision.
Boeing pauses 737 Max deliveries due to electrical issue, warns of 'light' April handovers
Boeing said a fix for the 737 Max planes will likely be resolved "in short order."
'Sell in May and go away' is in play this year amid inflation risks, market analyst says
Investors may want to sit out what could be a volatile summer for the stock market, Morgan Creek's Mark Yusko says.
JPMorgan wants to appeal to younger investors with new ad campaign
It's the first multichannel ad campaign from the group since JPMorgan folded up its wealth management operations into a unit in December 2019.
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